Thai Realty Market Rebounding

• Proeksa Meas
• 27 July 2017
• Construction Focus
• 1248 Views

The condominium market in Bangkok has experienced a slight upturn in Q1 2017 thanks to growing demand and a slowing in new projects coming online.

Pre-sales of new projects in Q1 2017 was solid at 67 percent, a 3 percent increase over the same period in 2016. Both completion dates and sales slowed following the death of the Thai king in 2016.

The average selling price for new CBD condominium units in Q1 was USD7, 110 per square metre which is 7.1 percent Y-o-Y higher but unchanged since Q4 2016.

Only 2,367 units in seven new projects were launched in the CBD in Q1 2017 which represents a 4.4 percent Y-o-Y decrease, according to research by Edmund Tie & Co.